LOL - Waxman had a Joe the Plumber reference in his opening statement in oversight hearing

[sabra]

http://voices.washingtonpost.com/roughsketch/2008/11/gloat_alert.html

<snip>

On Capitol Hill this morning, Rep. Henry Waxman (D-Calif), chairman of the House Oversight Committee, has summoned five hedge-fund chiefs to testify about the billions they make. And the chairman, never one to shy from partisan combat, had a Joe the Plumber reference in his opening statement:

"The five witnesses we will hear from today earned on average over $1 billion last year, yet the tax law allows them to treat the vast majority of their earnings as capital gains," Waxman said this morning. "That means that at least some portions of their earnings could be taxed at rates as low as 15 percent. That's a lower tax rate than many school teachers, firefighters or even plumbers pay."

[Turbineguy]

1. Yes, that was cute!

Waxman humor: just add water!

[Overseas]

2. K&R -- Let's see how much Republican legislators really care about their darling plumber.

Glad to see Waxman asking them all to put their financial regulations where their mouths are.

Let's see how those Republicans feel about Joe going broke while the five CEOs have an average pay of ONE BILLION !

But Republicans may like the imperial model where we serfs get our taste of the good life by looking in the windows of the super rich through out TVs.